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August 8, 2022
Business News

FBR Issues List of Retailers Still Not Integrated with POS System

FBR Issues List of Retailers Still Not Integrated with POS System

The Federal Board of Revenue (FBR) has issued a list of 114 unregistered retailers (Tier-1), who are required to be integrated with the FBR’s Point of Sale (POS) system.

In July, FBR issued a list of 101 big retailers (Tier-1), which were required to be integrated with the FBR’s POS system. They were denied 60 percent input tax credit due to non-integration.

The number of big retailers (Tier-1) which are required to be integrated with the POS system now stands at 113. The board has decided to raise sales tax demand against these big retailers (Tier-1), who do not integrate with the FBR’s POS system by the deadline of August 10, 2022.

FBR has stated that the input tax claim of all aforementioned Tier-1 retailers would be disallowed upon filing the sales tax return for the month of August 2022

The FBR’s notification also stated that in order to operationalize this provision of law, a system-based approach has been adopted

The procedure of exclusion from the list of identified Tier-I shall apply as laid down in STGO 17 of 2022 dated May 13, 2022, FBR added.

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